To adequately tackle shortage of affordable housing in Nigeria, there is an urgent need to increase the level of housing finance in Nigeria to 10 percent of Gross Domestic Product (GDP) from its current level of 0.5 percent.
President, Mortgage Banking Association of Nigeria (MBAN), Mr. Femi Johnson, stated this last week, in Lagos, in his welcome address at the 3rd MBAN Housing Finance and Investment Conference and Exhibition, MBAN-HOFEX 2013, with the theme, “Mortgage Banking – A Catalyst for Capital Market Growth in Nigeria”.

First Bank Nigeria Plc, has announced its maiden edition of SMEs conference, with a view to empowering entrepreneurs and SMEs in the country.

Nigerian Airspace Management Agency, NAMA has denied the allegation that non- scheduled airlines, private jet operators, have shut down their operations in protest against the new aviation charges introduced for the use of general aviation terminals at the nation’s airports.

The Bank of Industry, BoI, says collateral is no longer an issue for accessing its credit facility as it has designed credit schemes and products that allow reputable persons third party guarantees on loan applications.
BoI Managing Director, Evelyn Oputu, disclosed this while addressing Nigerian and Danish business community in Lagos. According to her, the issue of collateral requirement to access funding was neither here nor there because the bank has already identified that some serious businesses do not have collaterals.

Outsourcing is one of the biggest business discoveries in the last two decades. In simple terms, it means handing over the management and execution of some business processes, functions or services to another organisation that has the expertise in handling such things.